"Top and Bottom Analysis" Short vision on XAU/USD (GOLD)
4H CHART EXPLANATION:
As we can observe, price broke the corrective structure and started a strong bullish movement surpassing all the Resistance Zones in the way. Now it is facing the Weekly Resistance zone, so, it may correct here towards the support zone (previous resistance zone). Also, there is MACD bearish divergence that supports this short term vision.
MULTI TIMEFRAME VISION:
-Daily:
-Weekly:
*Please note that the above perspective is our view on the market, we do not provie signals and take no responsibility for your trades.
As we can observe, price broke the corrective structure and started a strong bullish movement surpassing all the Resistance Zones in the way. Now it is facing the Weekly Resistance zone, so, it may correct here towards the support zone (previous resistance zone). Also, there is MACD bearish divergence that supports this short term vision.
MULTI TIMEFRAME VISION:
-Daily:
-Weekly:
*Please note that the above perspective is our view on the market, we do not provie signals and take no responsibility for your trades.
